Coomera Town Centre a reality

Fireworks, fun & giveaways to

mark grand opening of

Coomera Town Centre

A MILESTONE has been reached in the investment property-rich area of Coomera on the Queensland Gold Coast with the opening this week of the Coomera Town Centre.

For more than two decades the Town Centre has been mooted and at last it is here.
Touring artists and art installations are just some of the highlights of a four-day celebration to mark the completion of the long-awaited $470 million Westfield Coomera at the Coomera Town Centre.
Combining with the Bleach Arts Festival, the line-up of live music performances will be further enhanced by fireworks, homeware giveaways, pop-up activations and complimentary fresh food carts.

A project of the Scentre Group, the huge $470 million retail development will be officially opened on October 11, 2018. It will provide an estimated 59,000sqm of retail space and once all retailers are operating will offer more than 140 stores.

Visitors to the centre will be able to enjoy a range of facilities including Betty’s Burgers, an outdoor leisure space with roller skating rink, putt putt beer garden and cinemas.

The Coomera Town Centre is ideally located to service regular shoppers from Coolangatta to Brisbane and will provide outstanding retail facilities and services for surrounding residents, property owners and those wishing to invest in the area.

Retail boost for owners/investors

One of the most central housing estates to the new Coomera Town Centre, `Camelot’ is offering location living with house and land packages starting from just $475,000.

Choice Homes’ Camelot residential development has been in huge demand since its launch in late October last year, with the first stage selling out quickly.

Troy Knight, Choice Homes Director, says Camelot’s proximity to the Coomera Town Centre and a new primary school just across the road has positioned it as the area’s most central housing estate.

“Location is everything in real estate and Camelot certainly provides access to a wide range of services including the newly opened Town Centre,” says Mr Knight.

“I think the upgrade to the road network in the area has also been a catalyst for demand with the area showing no signs of a slow down.

“The attractiveness of a growing range of local facilities along with easy access to both the Gold Coast and Brisbane will continue to see the area top-of-mind for buyers.”

Two display homes including a two-storey design from the multi-award winning builder are on-site for viewing.

Camelot of Coomera is located less than four kilometres from the Coomera Town Centre and train station and near to the Coomera East Shopping Centre, which has applied for a Woolworths expansion to accommodate the burgeoning population in the area.
To enquire about investment properties in the area please contact Shirley at 0405 046711.

The estate is also close to the Gold Coast Marine Precinct and the new Coomera – Amity State School and upcoming St Josephs College opening in 2019.

First Home Owner’s Grant

Queensland First Home Owner’s Grant

On July 1, 2018, the Queensland Government re-introduced the Queensland First Home Owner’s Grant  which is now worth $15,000.

So if you have been thinking about buying your first home, the time to act is now!

If you are renting a home on the Gold Coast or elsewhere in Australia and want to live in Queensland, and have never bought or owned a home before, you could be eligible for the $15,000 grant.

This Queensland Government initiative was put in place to help people wanting to purchase their first home get into that home sooner. If you are eligible for the grant, you will be able to receive $15,000 towards either buying or building your very first new house, unit or townhouse.

The Queensland First Home Owner’s Grant could help you make the decision towards buying or building a new home on the Gold Coast, and could even help you get into something better than you expected and sooner than you imagined.

What could you do with a $15,000 First Home Owner’s Grant? If you are an Australian citizen or permanent resident (or applying with someone who is) that is at least 18 years old and have never owned property in Australia, you could be eligible!

The First Home Owners Grant applies to:

  • New Homes
  • House and Land packages

The government has introduced this grant in order to encourage the building of new homes in Queensland.

You can buy off the plan or choose to build yourself.

To be eligible for the grant:

  • You must be at least 18 years of age.
  • You must be an Australian citizen or permanent resident (or applying with someone who is).
  • You or your spouse must not have previously owned property in Australia that you lived in.
  • You must be buying or building a brand new home.
  • The value of the home including the land is less than $750,000.
  • You must move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months.

There is no need to feel as if you will never be able to save a suitable deposit to buy your own home. Contact us here at SBRealty on the Queensland Gold Coast today to find out how we can help you get into your first home.

Phone: 0405 046711

For further information go to www.qld.gov.au

 

 

 

Budget ideas to give your home a new look

Cheap and easy ways to refresh your space

By SHIRLEY BROUN

WHEN the rising costs of daily living prevent you from major renovation work on your home there is a simple solution for refreshing your space and giving it a new look.

Furniture pieces can often be interchanged to provide a new look to a room.

 

Ironically many home-owners believe the only answer to giving the home a facelift is by painting, buying new furniture or renovating but if you are on a budget, these options may be out of your reach.

However, there is an alternative. Have you ever considered the much simpler and more economical idea of updating your home by adding colour, refreshing or redecorating items already a part of the interior design or replacing accessories with other items that currently stand dormant and unloved in a cupboard or stored out of view.

Refresh to impress

Refreshing a room could be as easy as placing slipcovers over a worn or dated sofa or lounge, adding colour with matching cushions and finishing it off with a soft under-foot rug.

The inclusion of plants and greenery can add life and a refreshing atmosphere to a room. It is your choice as far as using fake or the real thing but both can update and freshen the look significantly.

Lampshades matched with your décor can also lift the ambience of an area. If the budget doesn’t allow for a new purchase, then why not consider just swapping the tired-looking shade for a vibrant new one that adds a splash of colour and sets a theme.

Introducing a large rug into the theme of the room is also a great way to change the feel of the area. They add a nice focal point and have a warming affect. Rugs come in traditional and contemporary designs and can be used in lounge rooms, bedrooms and even hallways.

The placement of the rug, particularly in the lounge room, is a matter of individual taste. Some like to have furniture such as sofas sitting their front legs on the rug while others prefer to have the entire lounge on the rug. Perhaps try it both ways and then make a decision on which looks the best.

Mirrors add a new dimension

Mirrors add a new dimension to a home, especially in small or darker areas. This popular feature tends to reflect light in the room so can easily boost the lighting factor. Mirrors also make a wonderful feature in hallways, entrances and other areas as they can give the illusion of added space.

Artwork too can make a great focal point for any room, particularly if it is colourful and large with the intent to make a statement. The use of artwork – in its many and varied mediums – can transform a room, adding colour, technique and a focal point of interest for visitors.

Freshening up or changing window dressings most certainly has a major effect on any room but often the budget may not allow for an immediate upgrade. However, this is something worth saving up for as it can dramatically change the atmosphere and appeal of an area, transforming it from dark and drab to bright and alive. Consider whether you seek more privacy or just wish to add style to the room when selecting a design. Insulated drapes can also assist in energy bill savings.

Feature walls dress a room

Have you ever thought about using some of you prized crockery as a feature to dress up a room? Like the popular 70s idea of three ducks flying in formation across the wall, you can have the same type of affect – although much trendier – by creating a wall display of your exquisite dishes or plates. It could be a great talking point for guests too.

Swapping furniture around is another key to a `new look’ area. You may have an oblong-shaped coffee table in the middle of the room right now and a set of stack tables in the corner. Why not swap places and put the previous coffee table along the wall and use it, instead, to display some books or your prized DVD collection and place the stack tables in front of the lounge for use by guests?

Versatile furniture pieces

One of my most versatile furniture pieces is a dresser with five deep drawers. I bought it to use in my bedroom but have since found it works in any room of the house. In the bedroom it is ideal to house my smaller items of clothing. Meanwhile, in the lounge it provides great storage for my dvd and cd collections and in the dining room is perfect to store tablecloths, tea towels and other items of linen while displaying my favourite family photographs on top. It just takes a little thought and imagination – and costs nothing for a great new look.

It is a common belief that because a piece of furniture was bought for a particular purpose, it should only fulfil that one use for eternity. If you take a look around your home and use a little imagination, the multitude of alternative uses will become evident and encourage you to try them out, particularly if you seek to update and renew your home’s appeal and atmosphere.

Also, remember if you are adding items to a room be careful to avoid clutter as this can detract from all your hard work in achieving a `new look’.

DIY – Renovate and be rewarded

Transform that tired old kitchen

By SHIRLEY BROUN

RENOVATING a tired, old kitchen can significantly increase the value of a property, particularly in the eyes of a potential buyer.

A renovated kitchen can add thousands to the value to your home.

After all, the home chef and their families spend a great deal of time in the kitchen so creating an open, functional and appealing atmosphere could be the icing on the cake whether renovating for a better lifestyle or, alternatively, to add value and make the home more modern and attractive for a future sale.

Before setting out on any renovation, however, it is important to assess the situation fully. In other words:
1. What needs to be done? Do you have a design in mind? What design will suit your kitchen’s size and configuration?
When designing your own kitchen start by working out the type of cabinetry, appliances, layout and finishes you desire to incorporate into your plan. To do this, you will need to take into account the position of existing doors, windows, fixtures, plumbing and power.
Alternatively, you can hire an interior designer or kitchen renovator who will assess and measure the space and discuss design options with respect to your kitchen’s current layout, cabinetry, appliances, lighting, flooring, fittings and finishes.

2. What jobs are you able to complete yourself and what jobs will require a tradesman’s input?
If structural work is required in your kitchen renovation, call in a builder early to coordinate the job and ensure it’s done correctly. Structural alterations such as adding a window, door or skylight, removing a load-bearing wall to open up the space or adding a breakfast bar are best done by licensed, insured professionals. Prior consultation ensures proposed alterations are feasible and legal, avoiding potentially costly errors.
It is important to note that you can also minimise costs by maintaining the current kitchen floor plan, effectively eliminating the need to move plumbing and electrical wiring and providing an immediate cost saving.

The cost of labour can be a big part of the budget for a kitchen renovation. By supplying your own labour, or professionally preparing your kitchen for the professional tradespeople you hire, you may be able to cut the cost. Jobs you may be able to undertake yourself include – demolition and removal of the old kitchen; undertaking the tiling and painting; and removing the old flooring if required.
Consider the present style of the kitchen. For example, the kitchen pictured is a 70s style design complete with tiled benches, extremely old wall oven and hotplates and limited bench and cupboard space. The area is in vital need of a modern, fresh new makeover as well as extra storage and food preparation areas. A new wall oven, hotplates and fan would add to the appeal.

So your plan could be:
1. To update the kitchen
2. Construct a family-sized kitchen with adequate cooking, storage and bench space
3. Retile the kitchen floor to match the new design
4. Add a good size pantry with sliding drawers and modern fixtures
5. Install spacious deep drawers for storage
HERE ARE SOME IDEAS:

Investing in quality materials and labour to return good results is a great idea. It will show in the final product.

Mirror splashbacks are a popular inclusion today as they can dramatically optimise space and spread colour throughout the area.
Deep drawers are another modern convenience which has really taken on due to the increased space they provide.

Pantries with large, sliding drawers also make finding goods stored in them easily seen and accessible. Glass doors on smaller cupboards can also create a new look to the kitchen cupboards, especially for the storage of your best wine glasses or special plates.

Other popular features in kitchens of today are filtered water connections and slide out kitchen tidies, usually placed in the cupboard below the sink.

Of course, the renovation options for a new kitchen are many and varied and will suit not just your own taste but also the style and configuration of the individual home.

It is amazing at the number of decisions that need to be made when renovating a kitchen (or any room for that matter). Easy for some but there are many of us who ponder for hours over little things like what handle to put on the cupboards or what colour to paint the walls.

Time is money when renovating so try – where possible – to have these decisions made by the time you actually start work on your home renovation project.
So, with that in mind, consider the following:
• Use Quality Materials – This could save you problems in the future. Many people may have experienced the old tradition of using particle board in drawers and shelving. Today, there are much better options available such as wood veneer which is considered even more durable than melamine or laminate.
• Height of bench tops and cabinets – We all have a comfort level when working on benches in the kitchen. The bench tops may be too low or too high. Be sure to consider this point when designing the height of cupboards and benches. And, if your kitchen hosts eight-foot ceilings, choose cabinets that go to the ceiling to optimise the storage space available. Refrain from floor-to-ceiling cupboards if your ceiling exceeds the eight-foot mark. They are too hard to reach.
• Make the most of corner cupboards – Utilise Lazy Susans to make potentially wasted cupboard corners fully functional.
• Island bench – When considering an island bench ensure there is enough room.
• Avoid clutter – Don’t clutter the kitchen with utensils. Keep your kitchen obstacle-free where possible.
• Focal point – Select a feature in the kitchen which could lend itself to being a focal point. For example, a wide expanse of windows could be a major feature by installing a long eye-catching bench. It provides an expansive, appealing affect to the layout of the kitchen.
• Colour scheme – Add colour through curtains and window dressings.
• Design – Just about any design idea can be considered for your `new’ kitchen. There are so many options available ranging from the inclusion of an island bench or breakfast counter to self-closing deep drawers, wine storage areas and water filters on the sink.

Whether creating your own designer kitchen or working together with a professional designer you can make your dream kitchen a reality, while adding value to your home at the same time. It’s a win-win situation!

 

Lowest cash rate since 1959

Mortgage holders welcome 2.75% cash rate

IN a largely unexpected move yesterday the RBA has reduced the cash rate to 2.75 per cent which is the lowest since records began in 1959.

And, to the added delight of mortgage holders, the major banks – with the exception of the ANZ – have passed on the full 25 basis points cut. This will provide a monthly saving on a $300,000 mortgage of about $31 giving home owners welcome budget relief.

The RBA cited low inflation numbers and generally pessimistic market expectations as the trigger to reduce the cash rate, hoping the move will generate more spending in the economy.

Financial experts claim this is an ideal time to check out interest rates on offer from big and smaller lending institutions to ensure home owners are getting the best possible deal on their mortgages.

National licensing for real estate agents still a way off

Many issues need to be sorted out

THE thought of real estate agents acting under a National License rather than the current State Licenses for property transactions has long been mooted but according to Real Estate Institute of Australia president Mr Peter Bushby, its implementation is still a long way off.

The Real Estate Institute of Australia (REIA) says that there are still many issues to resolve before national licensing can become a reality for the property profession.

Speaking after a meeting of the Interim Occupational Licensing Advisory Committee (OLAC) held in Sydney today, REIA President, Mr Peter Bushby said, “It appears that the views of the industry and the concerns of consumers are being ignored in favour of those of bureaucrats with no background in property.”

“They are more interested in a predetermined ‘one size fits all’ regulatory response”.

At OLAC, the National Occupational Licensing Authority (NOLA) outlined advice it would give to the Standing Council on Federal Financial Relations which will be making its decision on national licensing in March.

REIA argued that the Regulatory Impact Statement (RIS) on which the bureaucrats’ views are based, has failed to provide a reasonable case for change. “The cost benefit analysis in the RIS is flawed and the overall proposal fails to take into account the needs of consumers,” said Mr Bushby. “We have continually asked that time be taken to do the analysis comprehensively and correctly so that the best outcome can be achieved. This is why REIA has asked that real estate be put in the second tranche of national licensing with the other property professions. Don’t put in place a sub-optimal solution for the sake of meeting an artificial deadline.”

“REIA supports the principle of national licensing but is adamant that issues such as the level of qualification, mandated compulsory professional development, licensing of commercial property transactions and minimum age requirement need to be resolved first,” added Mr Bushby.

REIA says the states and territories are not ready for national licensing, with many matters on conduct harmonisation yet to be addressed such as right to commissions, agency agreements, standards of behaviour and appointment of receivers and managers.

The Real Estate Institute of Australia (REIA) is the national professional association for real estate agents in Australia.

RBA puts interest rates on hold

Further cut not supported

THE Reserve Bank (RBA) has decided to hold-off on providing homeowners with further financial assistance by electing to keep the cash rate on hold at 3%.

In their first meeting since December 2012, the RBA considered that despite inflation in December 2012 being half of what was anticipated, conditions did not warrant a further cut in the cash rate.

According to the ABS, the December consumer price index rose by a mere 0.2% – a fraction of the 1.4% jump which occurred in the September quarter – with inflation moving towards the lower end of the RBA’s 2%–3% target range at 2.2%.  The RBA’s next meeting will be held on March 5, 2013.

Point of Interest

THE Reserve Bank of Australia (RBA) is responsible for monitoring and altering the official cash rate for Australia. They can either raise or cut the official cash rate by a measure of ‘basis points’ in an effort to manage the Australian economy’s inflation. These changes will affect the interest rate that banks will charge customers for loans – most notably variable rate home loans.

Since the Global Financial Crisis (GFC), the cost of borrowing has increased to the point where banks will only absorb costs up to a point. In an effort to remain profitable, banks may autonomously pass on – or completely ignore – rate changes despite the RBA’s decisions.

Rainwater tanks no longer mandatory in Qld

Reforms to cut thousands from new home costs

QUEENSLANDERS planning on building a new home this year (2013) have been given an opportunity to save a little, after the Newman Government announced reforms that will cut thousands off the cost of construction.

Minister for Housing and Public Works Tim Mander said the Government planned to scrap laws that make it compulsory to install rainwater tanks and gas, solar or heat pump hot water systems in all new homes. “These requirements add an unnecessary cost to homeowners and place an unwanted drag on the construction industry,” Mr Mander said. “These changes will potentially reduce the cost of building a new home by more than $5000.

$15,000 First Home Owners Grant

“Taken in conjunction with the $15,000 first home owner’s grant for new dwellings, that’s a massive saving for anyone planning on building a new home. People who want to install rainwater tanks or a particular type of hot water system can still do so. The difference is that the decision is now theirs to make.”

Under the new laws, Councils will be able to opt to retain mandatory rainwater tank requirements where they can prove a net benefit to the community.

Mr Mander said the changes would also allow existing home owners to replace a broken electric hot water system with a similar model. “Under existing laws, owners of homes in reticulated natural gas areas are restricted to gas, solar or heat pump hot water systems, which often cost thousands of dollars more than the electric model they’re replacing.

“Although solar or heat pump systems are more energy efficient, they are more expensive to buy and often require extra plumbing and electrical work to retrofit the existing property before they can be installed. Replacing a broken hot water system is often a significant, not to mention unexpected, expense,” Mr Mander said. “It’s not fair to force people to choose the more expensive product.”

HIA Executive Director Warwick Temby applauded the moves to improve housing affordability. “These are very pragmatic decisions that will make a meaningful contribution to improving housing affordability, especially for first time buyers,” Mr Temby said.

Master Builders Director of Housing Policy Paul Bidwell also welcomed the decision. “This is very positive news for our industry and for the broader Queensland community,” Mr Bidwell said.

“The cost of a rainwater tank adds up to $6000 to the price of a new house and in some cases this can be even more on smaller lots. These changes will significantly reduce the cost of housing. Our members advise the extra costs of tanks and energy efficient hot water systems will be removed from the cost of new homes if consumers choose not to install them.”

Budget for extra costs when buying a home

Minimise costs by being prepared

By Shirley Broun

THINKING of buying your first home? Then be aware that the cost of the home you want to buy is boosted by the many extra costs encountered throughout the buying process. And it is important that you factor in this added expenditure when budgeting to buy a new home. So, being prepared can save a lot of heartache and frantic worry trying to get into your first home.

Most people are aware that securing finance for a home loan to fund the purchase automatically brings with it upfront and ongoing fees. It is advisable to ask the lender or mortgage broker to list all the fees of the loan you are considering and when they are payable before signing any agreement.

Fees which may be included are application fees, valuation fees, establishment fees, service fees, transaction fees and exit fees. Lenders may also require you to take out mortgage insurance and while you are paying for it, the insurance actually insures the lender against any default on repayment. However, sometimes this is a requirement for you to get the home loan.

When taking out a home loan, ensure the fee structure suits your situation and budget. Don’t be afraid to ask the relevant questions to ensure you know exactly what’s on offer.

Stamp Duty Concessions

Stamp Duty can add a substantial amount to a property purchase but there is good news for First Home Buyers. In Queensland, First Home Buyers can benefit from a $8750 Stamp Duty Concession on properties up to $505,000, as of July 1, 2012.

The 2012–13 Queensland State Budget also introduced the first home owner construction grant (FHOCG), administered under the First Home Owner Grant Act 2000. The grant is available to first home owners who will be buying or building a new home. This grant of $15,000 is available for: Contracts to buy a new home (including off the plan) dated on or after 12 September 2012; Contracts to build a new home dated on or after 12 September 2012; New homes being built by an owner–builder where the date the foundations start to be laid is on or after 12 September 2012.

A new home is a home that: has not been previously occupied as a place of residence; has not been previously sold as a place of residence; or is a substantially renovated home (in certain circumstances).

The $15,000 grant will not be available: if the contract replaces an existing contract made before 12 September 2012; for new homes where the contract is dated before 12 September 2012; for owner–builders where the date the foundations start to be laid is before 12 September 2012; or for established homes.

The FHOG eligibility requirements also apply to the construction grant, including a cap amount of $750,000.

You may still be eligible for the $7000 first home owner grant for established home purchase contracts dated before 11 October, 2012. For further information http://www.osr.qld.gov.au

Conveyancing and other costs

Legal costs can vary from a few hundred dollars up to a few thousand, depending on the complexity of the purchase and value of the property.

Building and pest inspections are also a good idea and are sometimes a condition of the loan approval. Regardless, it is wise to conduct these inspections for peace of mind. The cost varies but is usually between $250 and $500. You are advised to seek quotes to get the best price and ensure the company has a good track record.

Use credit card to pay mortgage off quicker

Credit cards can `save’ you money

By SHIRLEY BROUN

USED wisely, your credit card could help pay the mortgage off quicker. Sounds hard to believe, I know, but it is all in the way you use your credit card.

In fact, master this system of credit card use and you could shave thousands of dollars off your loan and years off your loan term by making your credit card work for you.

Linking a credit card to your mortgage is not a concept that most Australians warm to because it is considered too `risky’ – and it is for some like those who don’t have discipline when it comes to spending. However, there are ways to exploit the features of a credit card without having to run into bad debt.

Putting your card to work in tandem with your offset facility can be a real winner in terms of `savings’ on your mortgage. The concept is simple.

It’s well recognised by industry consumer groups and regulators that the fastest way to pay off a home loan is to make the maximum repayment at the optimal frequency, rather than the minimum required payment once a month or per each statement period. The reason for this is that interest on mortgage loans is calculated daily on the amount you owe and charged monthly in arrears. So by paying more into your loan more frequently you will be paying interest on an amount that is decreasing more rapidly, hence you pay less interest and your loan term reduces.

This is where your ability to offset your mortgage comes in handy. An offset account is essentially a savings account linked to your mortgage, which allows you to offset your savings, salary and other cash resources against the total balance of your home loan. The loan balance is immediately reduced and as interest is calculated daily on the remaining net amount on the loan, interest payable is diminished.

In brief, the key strategies in relation to using your credit card to help achieve these potential mortgage `savings’ are as follows: 1. Put all your salary in your offset account and keep it there; 2. Use a credit card to pay for living expenses; 3. Never spend more on your credit card than you have available in your offset account; 4. Pay off the credit card each month in full; 5. Have your next month’s salary paid into the offset account and start using the newly cleared credit card for transactions.